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BIGN!!!! AT 52 WEEK LOW .011!!!!!!!!!!!!
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[QUOTE]Originally posted by J_U_ICE: [QB] Posted by: texasboston In reply to: None Date:12/5/2006 1:12:40 AM Post #of 21279 Gentlemen, I haven't posted in awhile, however, I have been adding to my position. I have found that when talking with management and keeping a positive note, information is much more "read between the lines" when I keep a positive outlook with the BOD. I recieve email reply's of a positive note in which you see what they are saying even they are not stating it directly. They do not have to disclose anything (pinks) however, if you have been in the game (longs) we will shortly be rewarded. This company (in my opinion) truely wants to be an assimilator of small to mid size oil leases and then grow to something much bigger down the road. The recapture of oil leases in the 30-50 wells is where the money is and they know it. We have for sure bottomed out, however, when this deal is done and in my opinion before 07 we will be an a completely different O/G company. The fact that so many people are upset about a lack of news is frustrating to me...do any of you know how long it takes to assimilate leases, personel and financing. I had a conversation with a BOD that stated when oil went from 78 to 55 in six weeks that they had to provide a business plan for oil based on price per barrel from $40 to 90. The instabilty of the oil markets play a huge factor in this deal. Just think if they had bought the East texas deal at $75 a can instead of $63 today's price...the land owner would either lose or make milions...so it just makes since that the sellers would want to see a three month average of oil prices after spikes. Five months is nothing for a company to try to buy/merge/partner with another company that is 10+ times their size. Apply the same rules of LOI with a company on the Dow or NAS and as you know they can take forever. One of the biggest differnce's is that they don't tell us about it untill it is done. Grimes in my opinion is not the main focus now as I believe that they are having issue with the JV venture Hydrolsotter. Oil is where the money is and Grimes if stable and grows with the addition of flow wells will provide a income stream the help facilitate cash revenues. We all know that the projection of 160 wells was crazy as we are currently at three -to five (not sure). If this was their main focus we would be tapping these at a much faster rate. Oil is the cash cow with the company and the price will just continue to increase as time passes. BIGN is at the place right now where they are trying to go from a pinky to a higher listing...and this aquistion is just one of a step ladder (IMO) of deals that all build on each other. We can't expect this company to overnight be huge, the O/G business does not work that way, we are dealing with independent owners of wells, family leases, mineral rights that have been owned for years and when you boil it down, alot of the time its a BOD meeting with some local guy in a small town who in his mind has to sell out the the family to be rich...its not like this is a technology company gobbling a small telco in a big city. Posts on the board that discuss concerns with the direction of the company are fine, but is has become a repetitive barrage of saying the same thing. In think that we all understand that PR's in which date stamps are giving are not met, we understand that Grimes is not producing the wells that we had been told, we understand the LOI was supposed to be completed months ago..if you are share holder and you keep living in the past and speaking negative of the direction that the company stated and has not fullfilled does this help the situation. No.If I was new to this board I would be hesitant to buy stock in this company due to the % of negative posts to positive. Post a negative post..once maybe twice but 10-15 times..you are only hurting yourself and other longs. The stock price has already adjusted it self for those failures, as I bought alot of shares at .06. That damage to the PPS has already felt that. So I urge the current shareholders to re-read the last PR and see what direction the company is going and add positive information regardin the direction of company as of 12\05-06. The names that I see fighting with each other have been around for along time, we only hurt our positions by dwelling on the failures of the past and not by reading and understanding what the new direction of this company is. We are going to close this transaction and see a dramatic increase in PPS and this will be a building block for the next phase of our company. Lets stop the bickering and support our company or sell your shares and invest in another stock. This is not a make a 10 bagger in a day stock...this is a the making of a new O/G company. Wishing all a blessed holiday season! Texasboston [/QB][/QUOTE]
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